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JPMorgan Chase & Co.

A collection of news and information related to JPMorgan Chase & Co. published by this site and its partners.

Top JPMorgan Chase & Co. Articles

Displaying items 12-22
  • UBS cements lead as largest private bank, assets near $2 trillion: study

    ZURICH (Reuters) - UBS cemented its lead over U.S. brokerage Bank of America Corp as the world's largest private bank and is within striking distance of managing $2 trillion on behalf of the wealthy, according to a study on Thursday. The study by London-...
  • Goldman's investment management business peeks out from trading's shadow

    NEW YORK (Reuters) - Late last year, Goldman Sachs reached an important milestone: its investment management business surpassed $1 trillion in client money under supervision. But the achievement went largely unnoticed as shareholders focused on...
  • JPMorgan pulls back from mortgage lending on foreclosure worries

    NEW YORK (Reuters) - JPMorgan Chase & Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with...
  • Banking stocks rise as Citi, JPMorgan, Goldman beat earnings estimates

    Banking stocks rise as Citi, JPMorgan, Goldman beat earnings estimates
    Banks are paying enormous amounts to settle cases stemming from bad mortgages, but investors in Wall Street's heavy hitters are looking at different numbers — and they like what they see. An index of bank stocks climbed 1.3% on Tuesday after...
  • Detroit Institute of Arts secures $26.8 mln for bankruptcy bargain

    July 16 (Reuters) - The Detroit Institute of Arts said on Wednesday it has secured another $26.8 million in pledged donations to cover its portion of the "grand bargain" intended to help Detroit emerge from bankruptcy while sparing a sale of the museum'...
  • Litigation costs hit Bank of America's quarterly profit

    Litigation costs hit Bank of America's quarterly profit
    (Reuters) - Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis. The expenses...
  • Bank of America earnings tumble 43% on mortgage litigation costs

    Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas. Bank of America said...
  • Citi settlement will recoup Illinois pension losses

    Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
  • Stock funds worldwide attract $6.2 billion inflows over week: BofA

    NEW YORK (Reuters) - Investors worldwide poured $6.2 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from a Bank of America Merrill Lynch Global Research...
  • The day ahead in business

    The day ahead in business
    Reports: June retail sales, import and export indexes, May business inventories, ICSC-Goldman Sachs and Redbook retail chain sales for period ending July 12 Local earnings: AAR Corp. Other earnings: Goldman Sachs Group Inc,, JPMorgan Chase & Co.,...
  • Higher stock underwriting revenue boosts Goldman profit

    Higher stock underwriting revenue boosts Goldman profit
    (Reuters) - Goldman Sachs Group Inc GS.N posted a 5 percent rise in quarterly profit, spurred by higher revenue from stock underwriting and a smaller decline in fixed-income trading than many on Wall Street had predicted. The bank's stock was up 0.7...